Economic Conditions Affecting Tobacco and Peanut Producers: Hearing Before the Subcommittee on Tobacco and Peanuts of the Committee on Agriculture, House of Representatives, One Hundredth Congress, First Session, March 23, 1987, Fayetteville, NC. |
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1987 through December acquire in inventory acres in county agricultural lenders assessment give names binding offer brokers contacted Columbia district contacted and date contacted to obtain county FmHA holds county not included county other lenders county that FmHA Current market demand date of contact December 31 decimal points estate in county ESTATE MARKET CONDITIONS expect to acquire Farm Credit System farm real estate Farmers Home Administration farms and acres farms FmHA currently farms for sale farms in county farms on hand farms other lenders February FLBS and PCAs FmHA expects FmHA inventory farms hand reported holds in inventory include FLBS inventory in county Leading to include lenders and brokers lenders and real lenders currently lenders expect listed for sale names of lenders Number of farms Number Suitable Numbers Farms Acres obtain this assessment Pat Roberts purchase of farms real estate brokers sale in county SURVEY OF FARM value of farm XXXXXX
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Page 130 - The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract): because all or part of the applicant's income derives from any public assistance program: or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.
Page 1 - OPENING STATEMENT OF HON. CHARLES ROSE, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF NORTH CAROLINA Mr. ROSE.
Page 130 - Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided that the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income is derived from any public assistance, program; or because the applicant has In good faith exercised any right under the Consumer Credit Protection Act.
Page 2 - The present Administration in Washington provides a close parallel. It has either forgotten or it does not want to remember the infantry of our economic army.
Page 115 - Accounting by Debtors and Creditors for Troubled Debt Restructurings. Paragraph 2 of Statement 1 5 defines troubled debt restructuring as follows: A restructuring of debt constitutes a troubled debt restructuring ... if the creditor for economic or legal reasons related to the debtor's financial difficulties grants a concession to the debtor that it would not otherwise consider.
Page 48 - ... much your coming here today. Mr. FINN. May I say, the views that I have expounded here are those of the entire committee of which I happen to be chairman. I have set out the qualifiactions of those persons and eacli of them is a far better lawyer than I. I am merely being their mouthpiece today and I thank you very much for the courtesy you have extended to me and to Mr. Stringer. Mr. CREECH. The subcommittee will reconvene at 2 :30 pm Thank you. (Whereupon, at 1 :13 pm, the subcommittee was...
Page 49 - Mr. Chairman, members of the subcommittee, I thank you for the opportunity to appear before...
Page 112 - We must drop the idea that change comes slowly. It does ordinarily — in part because we think it does. Today changes must come fast; and we must adjust our mental habits, so that we can accept comfortably the idea of stopping one thing and beginning another overnight. We must discard the idea that past routine, past ways of doing things, are probably the best ways. On the contrary, we must assume that there is probably a better way to do almost everything. We must stop assuming that a thing which...
Page 116 - ... their indebtedness. The banks do not resort to foreclosure if a farmer is doing his honest best; is applying the proceeds of production, over and above necessary living and operating expenses, to the payment of his loan; is taking proper care of the property; and has the capacity to work his way out of a reasonable debt under normal conditions. The application of this policy has enabled thousands of farmers to retain their farm homes which otherwise might have been lost. One of the greatest benefits...
Page 112 - WE MUST DISCARD THE IDEA THAT PAST ROUTINE, PAST WAYS OF DOING THINGS, ARE PROBABLY THE BEST WAYS. ON THE CONTRARY, WE MUST ASSUME THAT THERE IS PROBABLY A BETTER WAY TO DO ALMOST EVERYTHING. WE MUST STOP ASSUMING THAT A THING WHICH HAS NEVER BEEN DONE BEFORE PROBABLY CANNOT BE DONE AT ALL.